Up to 350 jobs will be lost at Galliford Try after the firm confirmed plans to reduce its construction activity by nearly a third.
Galliford Try
Struggling construction firm Galliford Try has announced its intention to close much of its business in Scotland. Around 350 jobs are reported to be under threat, with most of those affected north of the Border.
Galliford Try is to undertake a strategic review of its construction arm that will reduce the size of the business after issuing a fresh profit warning this morning. The firm said the review will focus on its key strengths in markets and sectors with sustainable prospects for profitability and growt
The winners of the Mates in Mind Impact Awards 2019 were revealed a ceremony last week. Adjudicated by an independent panel of leading industry experts, the awards aim to recognise and celebrate the effort and good work of large organisations, SMEs and individuals across the UK to improve the mental
Graham Prothero is to take over as chief executive at Galliford Try after Peter Truscott left the company for a rival housebuilder. Graham, who joined Galliford Try as group finance director in 2013, succeeds Peter Truscott with immediate effect.
Galliford Try has again written off exceptional costs from completion delays to the Aberdeen Western Peripheral Route (AWPR), sinking its construction division into the red in the first half of its financial year. In a trading update this morning the contractor reported it had taken a further £
Hopes the final section of the Aberdeen Western Peripheral Route (AWPR) would open before Christmas have been dashed after the Aberdeen Roads Ltd (ARL) consortium confirmed it will not meet the deadline it set itself just over a fortnight ago. Balfour Beatty and Galliford Try’s consortium told
The final stretches of the long-awaited Aberdeen bypass are to be fully open by Christmas with the completion of work on the River Don Crossing – though the £745 million project bill is now more than £1 billion, members of a parliamentary committee were told today. A document submi
Galliford Try has confirmed that the Aberdeen Western Peripheral Route (AWPR) completion has been pushed back to December and that the delay has increased its costs on the project by a further £20 million. In a trading update to investors this morning, the contractor said the final s
The Aberdeen Western Peripheral Route (AWPR) will not open in late autumn as planned with contractors tentatively targeting a December launch, Scotland’s transport secretary has admitted. In a project update presented to the Scottish Parliament yesterday, Michael Matheson MSP said the full ope
Galliford Try has taken a further £20 million hit on the Aberdeen bypass, taking the total provision on the overrun project to £123m. The construction group said today that the £20m write-off meant it had lost £45m on the project for the full financial year due to bad weather and the impact of t
Shares at Galliford Try rose over 5% this morning after the contractor achieved significant growth in both revenue and profit across the full-year period, though another financial hit is expected due to the ongoing Aberdeen Western Peripheral Route (AWPR) project. In a trading update, the group said
The Scottish Government has been urged to launch an immediate investigation after it was revealed that employment agencies have been advertising for workers to operate for 15 hours a day or 80 hours a week on the Aberdeen Western Peripheral Route (AWPR). In one of the adverts, which were uncovered b
Scottish Labour leader Richard Leonard has urged the Scottish Government to investigate “extremely serious allegations” regarding safety issues on the Aberdeen Western Peripheral Route (AWPR) construction project.
A beam being installed by AWPR workers on North Deeside Road Galliford Try has completed a rights issue to raise £157.6 million of new equity capital to cover over-run costs on the Aberdeen Western Peripheral Route/Balmedie to Tipperty (AWPR) project.